This year, the export value of shrimp products from Vietnam has increased by 22% year-on-year in the first ten months.

The primary driving force behind the robust global market demand for shrimp products stems from the growing consumer need for convenient protein sources, particularly in developed markets such as North America and Europe, as well as the expansion of shrimp farming capacity and advancements in processing technologies like Individual Quick Freezing (IQF). Major companies that dominate the shrimp product market include Thai Union Group, Charoen Pokphand Foods, and Sea Value. The Asia-Pacific region, North America, and Europe are considered key growth areas for shrimp product consumption. In the first ten months of this year, Vietnam's exports of shrimp products to the China (including Hong Kong) region amounted to 1.1 billion U.S. dollars, a year-on-year increase of 64%, with October's exports alone reaching 140 million U.S. dollars. In the first ten months of this year, exports to CPTPP member countries also exceeded 1 billion U.S. dollars, a ...